Elevation Point Wealth Partners LLC lessened its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 22.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 13,732 shares of the company's stock after selling 4,090 shares during the period. Elevation Point Wealth Partners LLC's holdings in TotalEnergies were worth $888,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Apollon Wealth Management LLC lifted its holdings in shares of TotalEnergies by 4.1% during the 4th quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company's stock valued at $242,000 after buying an additional 174 shares during the last quarter. First Horizon Advisors Inc. raised its position in TotalEnergies by 9.1% during the fourth quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company's stock valued at $121,000 after acquiring an additional 184 shares in the last quarter. J2 Capital Management Inc lifted its stake in TotalEnergies by 3.3% in the first quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock valued at $385,000 after acquiring an additional 191 shares during the last quarter. Financial Management Professionals Inc. grew its position in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after acquiring an additional 192 shares in the last quarter. Finally, UMB Bank n.a. grew its position in TotalEnergies by 5.4% in the first quarter. UMB Bank n.a. now owns 3,936 shares of the company's stock worth $255,000 after acquiring an additional 201 shares in the last quarter. 16.53% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
TTE has been the topic of a number of recent research reports. Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Dbs Bank upgraded TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Piper Sandler raised their price objective on TotalEnergies from $62.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.
Check Out Our Latest Analysis on TTE
TotalEnergies Stock Performance
Shares of NYSE TTE traded down $1.12 during trading hours on Wednesday, hitting $61.86. 985,181 shares of the company's stock were exchanged, compared to its average volume of 1,646,283. The company's 50-day moving average price is $58.93 and its 200-day moving average price is $58.93. TotalEnergies SE Sponsored ADR has a 1-year low of $52.78 and a 1-year high of $71.03. The stock has a market capitalization of $148.31 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.30 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86.
TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same quarter last year, the firm earned $2.14 earnings per share. On average, sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.
TotalEnergies Cuts Dividend
The business also recently announced a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be paid a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, June 18th. TotalEnergies's payout ratio is currently 42.42%.
About TotalEnergies
(
Free Report)
TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.
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